Santander Brasil Makes BRL Debut
Mar 12, 2013
Santander Brasil emerged Monday with an inaugural BRL750m ($384m) 2016 global real-denominated bond, building a book that peaked north of BRL1.75bn. After soft sounding accounts last week, the issuer generated sufficient anchor orders to sidestep execution risk and move forward. “It was a successful transaction as seen through pricing and a diversified book. Investors that were worried about the BRL now have more confidence,” Alvaro Carbajosa, Santander Brasil’s head of international funding,...
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